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Niche Vehicle Dealer In New York For Sale

Nassau County, New York, US
Asking Price:
$1,799,000
Sales Revenue:
$1,750,000
Cash Flow:
$604,010

Niche fully Licensed and Insured Vehicle Dealer with Consistent and Exceptionally High Margins. Price Reduced. This business was built from scratch by the current and original owner over 35 years ago. Although he loves the business, he is very involved with his family of 4 generations living in the immediate vicinity, managing his investments and desiring more personal time. This is a truly unique business. They specialize in a niche segment of the industry with very high margins. In fact, they have an average gross profit of $10K or more on each sale. What makes it even better is that almost 100% of their new business is developed from their website and social media leads and more than 66% of all vehicle sales are completed on-line or by telephone with end-users and other dealers from all over the country due to the strength and maturity of their website which has many first-page search results. They have a dealer license valid for sales and purchases in all 50 states. This is not a traditional dealer. They operate with very low overhead and a small staff from a very comfortable and easily accessible office space. In addition to the owner, there are 3 key F/T employees and one P/T employee. All would be willing to stay on with a new owner as long as they are treated fairly. In fact, the owner would be willing to stay on for a lengthy training and transition period and as a salesperson, purchasing agent or consultant thereafter. 2021 was a great bounce back year, the business grossed approx. $1,750,000.00 with an owner's cash flow of approx. $604,010.00. Better than 2019 numbers. With new vehicle manufacturers suffering due to supply chain issues, this business is poised to do very well in 2022 as they specialize in the pre-owned market. All sales are well-documented as vehicle sales must be registered with NY State. Although the business continues to grow the owner has important other issues mentioned earlier and he is very comfortable with his current cash flow. There is tremendous room for growth in adding vehicle financing, extended warranties, and expanding the volume of vehicles for sale and adding additional sales staff. We are seeking a serious and financially qualified buyer with at least $1,600,000 in liquid funds ($1,100,000 to cover the down payment, plus an additional $500K for current inventory). A qualified buyer can obtain financing for the vehicles against the vehicle titles. You do not need a motor vehicle sales background, since the Operations Manager has been handling many of the sales and purchases for the last several years but a financial or sales background would be a plus. All meetings must be scheduled by appointment only after providing proof of liquid funds. To learn more, please call, text or email Mel Vaz today.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us to discover the difference that is Vested Business Brokers.

Business Operation

Reasons for selling:

Retirement

Employees:
3FT/1PT
Years established:
1984

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

1,100,000.00 Down & $699K over 3yrs. @ 6% w/unencumbered collateral.

Furniture / Fixtures value:
$40,000
Inventory / Stock value:
$500,000

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